Economy News

Economy

Trump Announces March 4 Tariff Implementation on Canada and Mexico Amid Global Trade Tensions

President Donald Trump has confirmed that tariffs on Canada and Mexico will be implemented on March 4th, with China also facing additional tariffs. He clarified the schedule amidst...

Economy

January Sees a Surge: US Durable Goods Orders Jump 3.1% Beyond Expectations

US durable goods orders rose by 3.1% in January, exceeding expectations, with transportation equipment leading the increase. Excluding transportation, orders remained stable, highl...

Economy

Trump Announces Tariffs on Canada and Mexico Effective March 4, Additional 10% on China

President Donald Trump confirms that tariffs on Canada and Mexico will start on March 4th, with an additional 10% on China. The April 2nd tariff date remains unchanged, despite ear...

Economy

Global Disinflation Persists Amid Policy Shifts, IMF Reports

IMF Managing Director Kristalina Georgieva discusses the ongoing global disinflation process, highlighting policy shifts in the US and their implications. She notes the complexity ...

Economy

Significant Drop in US Natural Gas Inventories: A Weekly Decline of 261 Bcf Revealed

The EIA reports a significant weekly decrease in US natural gas inventories, with a net drop of 261 Bcf, bringing total storage to 1,840 Bcf. Year-over-year, stockpiles are down by...

Economy

Historic Drop: Mortgage Rates Hit Two-Month Low, Sparking Homebuyer Interest

Freddie Mac reports a significant drop in mortgage rates, with the 30-year fixed-rate decreasing to 6.76%, the lowest since mid-December 2024. This, along with a modest improvement...

Economy

Unexpected Surge: US Jobless Claims Jump by 22,000 to 242,000

The US has seen a notable increase in jobless claims, with a rise of 22,000 to 242,000 for the week ending February 22, exceeding analysts' expectations. The 4-week moving average ...

Economy

Fed's Bowman Advocates for Streamlined Regulations to Empower Community Banks

Federal Reserve Governor Michelle W. Bowman calls for a streamlined regulatory framework to support community banks, emphasizing the need for tailored policies that recognize their...